Jim Cramer broke down why markets are finally pricing in the impact of a trade war with China, as Wall Street turns increasingly negative on Real Money Stock of the Day Tesla and digests earnings from L Brands, Best Buy and looks ahead to Foot Locker earnings before Friday's opening bell.

Global stocks drifted lower Thursday, setting up Wall Street for its third negative session of the week, as investors hunker down for a prolonged U.S-China trade dispute while trimming bets on near-term support from the Federal Reserve.

U.S. stock futures point lower and global stocks decline as the U.S.-China trade dispute intensifies; Apple and Tesla extend declines amid worries of a damaging tech cold war; Tyson Foods is looking to set up a beef-processing plant in Kazakhstan to avoid Chinese tariffs, a report says; L Brands soars after lifting its earnings guidance.

Instead of earning a profit from selling vehicles, the mobility model captures a service fee based on passenger miles driven. Waymo is really about the algorithms that turn sensor data into actionable instructions based on machine learning and AI, areas where Google excels.